Episode 39: The 6 Distinct Stages of Retirement

“I booked a Grab car and when it came, I was pleasantly surprised that it was a Lexus. Once I got in, I began an interesting conversation with the driver.

I asked him if he could make money driving a high-end car. His reply inspired me.

He said: It all depends on what kind of life you want. I enjoy a simple life, doing what I like. To me, that means driving a good Grab car and having the flexibility to go for a few vacations a year with my wife.

I thought to myself: This guy really understands the meaning of first making a life decision and letting all his financial decisions support that.”

In this episode, I will share The New Retirement Mindscape II Study conducted by Ameriprise Financial Inc. in 2010 to understand the retirement journey of individuals which consists of 6 distinct stages.

Important note: Before you decide how you want your money to be managed in retirement, decide the kind of life you want to live.

To learn more, download our RetireWell™ eBook now!
(It consists of 11-part articles written by Chris and were featured on The Business Times every month for almost a year in 2017)

View the full list of podcast episodes published here.

The host, Christopher Tan, is Chief Executive Officer of Providend, Singapore’s first fee-only wealth advisory firm and author of the book “Money Wisdom: Simple Truths for Financial Wellness”.

Learn more about the book here.

Music courtesy of ItsWatR.

For more related resources, check out:
1. Retirement Planning Beyond the Wealth Aspect
2. Embrace Longevity, Be Well Prepared to Celebrate Life
3. My Reflection on the True Value of Estate & Legacy Planning

Let us assist you in taking care of your financial concerns so you can focus on what matters to you. If you would like an honest opinion on your current financial/retirement plan, insurance portfolio, investment approach and/or estate plan, make an appointment with us today.

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